Flat for sale in Otto Terrace, Sunderland SR2

Buying this property with a Home for Life Plan discount.

This property is offered at a reduced price for people aged over 60 through Homewise's Home for Life Plan. Through the Home for Life Plan, anyone aged over sixty can purchase a lifetime lease on this property which discounts the price from its full market value. The size of the discount you are entitled to depends on your age, personal circumstances and property criteria and could be anywhere between 8.5% and 59% from the property’s full market value. The above price is for guidance only. It’s based on our average discount and would be the estimated price payable by a 69-year-old single male. As such, the price you would pay could be higher or lower than this figure.

For more information or a personalised quote, just give us a call. Alternatively, if you are under 60 or would like to purchase this property without a Home for Life Plan at its full market price of £89,950, please contact Andrew Craig.

Property description

Deceptively spacious two bedroom first floor flat which is located on the outskirts of Sunderland City Centre which has a wealth of excellent of shops, restaurants and banking facilities, as well as Sunderland University. For those who use public transport, the University Metro Station can be found nearby and Park Lane Interchange is slightly further afield which offers local bus and coach links, in addition to this Sunderland Train Station provides rail links. This well presented property boasts an open plan lounge/dining room, a recently refitted bathroom and also features double glazing and combi gas central heating. Externally there is a shared yard to the rear plus there is a useful garage for off street parking or storage depending on preference. An ideal purchase for a range of buyers, early viewing recommended!
entrance
Hardwood door to the communal hallway, hard wood door to the hall which has stairs to the first floor, double glazed window, two radiators on the landing.
Bathroom
Panelled bath with shower over and shower screen, sink with vanity unit, low level WC, radiator, part tiled walls.
Open plan lounge area 5.54m (18'2) x 3m (9'10)
Double glazed bay window and double glazed window, electric fire and radiator.
Open plan dining area
Double glazed window and laminate flooring.
Kitchen 2.36m (7'9) x 2.77m (9'1)
Fitted with wall and floor units, gas oven point, stainless steel sink with mixer tap, laminate flooring, plumbed for automatic washing machine, feature glass tiled window.
Bedroom 3.76m (12'4) x 2.63m (8'8)
Double glazed window, radiator, laminate flooring.
Double bedroom 3.05m (10'0) x 2.97m (9'9)
Double glazed window, radiator, wardrobe.
Exterior
Shared rear yard.
Garage
Up and over door, light.
Agents notes
We have been informed by the vendor that the combi boiler was installed in April 2022 and is under warranty, any purchaser is advised to make any enquiries via their legal representatives prior to exchange of contracts taking place.
The Agent Of The North
Andrew Craig is The Agent of the North and as Chartered Surveyors we can help you with all your Residential and Commercial property needs. Sales, Conveyancing, Lettings, Property Management, Surveys and Valuations. Call now on Material Information
The information provided about this property does not constitute or form part of an offer or contract, nor may it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure and lease information, fixtures and fittings and, where the property has been recently constructed, extended or converted, that planning/building regulation consents are in place. All dimensions are approximate and quoted for guidance only, as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for purpose. We offer our clients an optional conveyancing service, through panel conveyancing firms, via Move With Us and we receive on average a referral fee of one hundred and ninety four pounds, only on completion of the sale. If you do use this service, the referral fee is included within the amount that you will be quoted by our suppliers. All quotes will also provide details of referral fees payable.

EPC Rating: C
Tenure
We will provide as much information about tenure as we are able to and in the case of leasehold properties, we can in most cases provide a copy of the lease. They can be complex and buyers are advised to take legal advice upon the full terms of a lease. Where a lease is not readily available we will apply for a copy and this can take time.
Tenure
The property is Leasehold with a term of 99 years from 1 January 1975 subject to annual ground rent of ?25 per annum for the first 33 years, ?33 per annum for the next 33 years and then ?50 per annum for the remaining 33 years.

The information provided about this property does not constitute or form part of an offer or contract, nor may be it be regarded as representations. All interested parties must verify accuracy and your solicitor must verify tenure/lease information, fixtures & fittings and, where the property has been extended/converted, planning/building regulation consents. All dimensions are approximate and quoted for guidance only as are floor plans which are not to scale and their accuracy cannot be confirmed. Reference to appliances and/or services does not imply that they are necessarily in working order or fit for the purpose. Suitable as a retirement home.